Best Withdraws Bayerische Versicherungsbank Ratings
A.M. Best Co. announced that it has withdrawn the “A+” (Superior) financial strength rating (FSR) and the “aa-” issuer credit ratings (ICR) of Germany’s Bayerische Versicherungsbank AG and Frankfurter Versicherungs-AG following the completed merger with Allianz Versicherungs-AG.
“Subsequently, an NR-5 (Not Formally Followed) has been assigned to both companies, said Best.
“Allianz Versicherungs-AG’s A+ (Superior) FSR and “aa-” ICR remain unaffected by the recent transaction,” it concluded.
Popular Today
- Viewpoint: Artificial Intelligence Is Rewriting the Rules for Commercial Lines
- CEO Sentenced in Miami to 15 Years in One of the Largest Health Care Fraud Cases
- Court Ruling Could Help Shed Light on Owners of Litigation Funders, Medical Clinics
- Senators Launch Probe Into Demotech’s Ratings in Florida